The voting on proposal SIMD-228, aimed at revising Solana's inflation model, ended in rejection but attracted significant community attention.
Objectives of SIMD-228
The SIMD-228 proposal aimed to change Solana's inflation model from a fixed schedule to a dynamic, market-based approach, potentially reducing inflation by as much as 80%.
Vote Results and Implications
Out of 910 validators representing 74% of staked funds, 43.6% voted in favor, 27.4% opposed, with 3.3% abstaining. The proposal required at least 66.67% approval to pass. Observers noted the vote's scale as the largest in crypto governance history.
Debate on New Inflation Model
While the proposed change could enhance network stability by tying inflation to staking levels, critics pointed to potential issues for smaller validators and complexity of implementing the new system.
Despite being rejected, the SIMD-228 vote underscored high community engagement in Solana, marking an important step in network governance processes.
